Key facts: CarMax Q2 earnings miss forecasts; class action lawsuit filed
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On September 25, 2025, CarMax reported Q2 earnings of $0.64 per share and $6.6 billion in sales, missing forecasts. The stock dropped 20.07% to $45.60, prompting a $150 million spending cut.1A class action lawsuit has been filed against CarMax, Inc. for allegedly misleading investors about its growth prospects between June 20 and November 5, 2025.2
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